At Serneholt Estate, we understand that buying property abroad can be both exciting and daunting. For those considering the sunny shores of Spain, there’s an important update you need to be aware of regarding the Spanish Golden Visa – a change that might accelerate your buying decision.
What’s Changing with the Golden Visa?
Spain’s Golden Visa program has been a great advantage for non-EU citizens, offering them a residency permit in exchange for a significant real estate investment. Recently, however, the Spanish government has begun the process of eliminating the scheme. As a result, if you’ve been pondering a property investment in Spain to qualify for this visa, now is the time to act! At Serneholt Estate, we recommend securing your investment before the changes come into effect.
Why Act Now?
- Secure Your Investment at Current Rates: By acting now, you can lock in your property purchase under the current investment requirements, ensuring your pathway to Spanish residency remains straightforward and as anticipated.
- Capitalise on Market Conditions: Spain’s real estate market continues to offer compelling opportunities. By moving swiftly, you can take advantage of the current market conditions before any changes potentially alter the landscape.
- Plan for the Future with Confidence: With your Golden Visa, you not only secure a beautiful property in Spain but also gain the freedom to travel within the Schengen Zone, which can be an invaluable asset for both personal and professional reasons.
How We Can Help
At Serneholt Estate, we’re not just about selling properties; we’re about making your dreams of living in Spain a reality. Here’s how we can assist you:
- Wide Range of Properties: From stunning beachfront homes to charming villas in peaceful locations, our portfolio includes properties that meet diverse needs and investment levels. Browse our selections at Serneholt Estate and find your dream Spanish home today!
- Personalised Service: We believe every client’s needs are unique. We take the time to understand your preferences and requirements, ensuring that we find a property that perfectly matches your aspirations.
Some Interesting Golden Visa Statistics
According to a Spanish government press release issued in April, they say the reason for abolishing the Golden Visa Scheme is due to a massive spike in applications.
The housing minister said “A speculation that, as we have seen, has increased these visas exponentially for a couple of years: x2,017 visas in 2022, x3,273 in 2023 and x424 in February of this 2024. That is when the alarm went off for us. In the last two years, Golden Visa concessions and foreign investment have doubled.”
She also went on to say that by abolishing the scheme they should then be able to achieve affordable housing for people in Spain, which seems to contradict the price point of general sales versus Golden Visa purchased properties.
From the start of the scheme in 2013 until 2023 a total of 14,576 Golden Visas were issued in Spain. The main nationalities who were granted visas were China, Russia, the United Kingdom, the United States, Ukraine, Iran, Venezuela and Mexico.
In Marbella in 2023, the press release stated that 7.1% of all sales were for Golden Visas, which is not an insignificant number.
Stay Ahead of the Curve
Policy changes, such as those affecting the Golden Visa, occur regularly. It’s important to stay informed about these developments to navigate potential shifts successfully. We’re committed to keeping up-to-date with the latest updates to help ensure your property investment journey in Spain remains positive.
Remember, our team at Serneholt Estate is here to help you, from initial inquiry to handing over the keys to your new property. Contact us today to start your journey to owning a home in Spain.
